Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS

v3.22.2
UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
 4 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2022
Cash Flows from Operating Activities:    
Net income (loss) $ (5,213) $ 4,271,198
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Payment of formation costs through issuance of Class B ordinary shares 4,608  
Interest earned on investment held in Trust Account   (374,959)
Transaction costs incurred in connection with Initial Public Offering   1,004,142
Unrealized gain on fair value changes of warrants   (5,411,480)
Changes in current assets and current liabilities:    
Prepaid assets   (803,485)
Accrued offering costs and expenses   (730,646)
Due to related parties   9,767
Net cash used in operating activities (605) (2,035,463)
Cash Flows from Investing Activities:    
Purchase of investments held in Trust Account   (443,067,598)
Disposal of investments held in Trust Account   221,575,000
Cash deposited in Trust Account   (402)
Net cash used in investing activities   (221,493,000)
Cash Flows from Financing Activities:    
Proceeds from Initial Public Offering, net of underwriters' fees   216,894,000
Proceeds from private placement   7,379,000
Proceeds from anchor investor   14,272
Proceeds from issuance of promissory note to related party 9,742  
Payment of promissory note   (275,000)
Payment of deferred offering costs   (243,099)
Net cash provided by financing activities 9,742 223,769,173
Net Change in Cash 9,137 240,710
Cash - Beginning   131,912
Cash - Ending 9,137 372,622
Supplemental Disclosure of Non-cash Financing Activities:    
Deferred offering costs paid by initial shareholder in exchange for the issuance of Class B ordinary shares 20,392  
Deferred underwriting commissions charged to additional paid in capital   7,675,500
Initial value of Class A common stock subject to possible redemption   192,989,222
Re-measurement of carrying value of Class A ordinary shares subject to possible redemption to redemption value   28,878,737
Initial classification of warrant liability   8,988,560
Deferred offering costs included in accrued offering costs and expenses 432,689  
Deferred offering costs paid by Sponsor under the promissory note $ 93,725  
Incentive to anchor investors   $ 10,290,473